Arena Hospitality Group – a leader in the hospitality sector with 29 properties in its portfolio across Croatia, Austria, and key cities in Central and Eastern Europe – has published its annual financial report for 2024, highlighting significant improvements over 2023 with a 12.5% increase in revenue and a 25% growth in EBITDA.
The strong growth is driven by an investment strategy focused on both the continuous expansion of the portfolio and the repositioning of properties toward a higher-yielding, upscale offering. “The good results of 2024,” said Reli Slonim, Chairman of the Management Board of Arena Hospitality Group, “were achieved thanks to our ongoing diversification strategy and investments in our portfolio, aimed at developing the Group’s business throughout the year. Our hotels, particularly in Croatia, continue to perform well, contributing to a more balanced and less seasonal portfolio across Europe”.
Total revenue surpasses €142 million
In 2024, Arena Hospitality Group reached a total revenue of €142.3 million, compared to €126.5 million the previous year, confirming business expansion. REVPAR (Revenue Per Available Room) increased to €55, up from €50.7 in 2023, marking a positive growth. EBITDA also saw a significant rise, from €28 million in 2023 to €35 million in 2024. Profit before tax grew to €8.7 million, surpassing €5.8 million in 2023, while EBITDAR reached €37.5 million, up from €30.4 million the previous year. The average daily rate (ADR) also recorded a slight increase, rising to €112.7 from €109.7 in 2023, while the occupancy rate improved, rising from 46.2% to 48.8%.
These figures reflect solid operational performance and efficient resource management, confirming the Group’s sustained growth throughout the year.
As part of its investment strategy, Arena Hospitality Group has heavily invested in outdoor facilities. Notably, the investments in Croatian campsites stand out. Arena Stoja Campsite, for example, was upgraded to a 4-star categoryand received the “Croatia’s Best Campsites 2025” recognition for the second consecutive year, along with Arena Grand Kažela and Arena One 99 Glamping. The investment also allowed Arena Stoja Campsite to extend its season and offer winter camping, becoming one of the few year-round campsites in Croatia.
Additionally, the Group announced that, thanks to new regulations introduced by the Non-Appraised Construction Land Act, it is beginning the renovation process for Arena Stupice and Arena Indije campsites, transforming them from 2-star to 4-star facilities, always with the goal of improving the overall quality of the offering.
Photo by Arena Hospitality Group
The SETT has been postponed: the date changes from November to February 2021